OSRAM Licht AG (XTRA:OSR) reported to buy stake in Sanan Optoelectronics Co., Ltd. (SHSE:600703). Sanan wants to present a "qualified" takeover offer for Osram by mid-October, German magazine WirtschaftsWoche reported, citing unnamed sources involved in the negotiations. Sanan may offer to pay about €70 ($80) per Osram share, WirtschaftsWoche said.

A full takeover bid would value the company at about €7.2 billion ($8.1 billion). Osram shares jumped more than 13% after markets opened and were trading up 10.6% at €60.10.